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Solutions for Planners

Establishing a scalable digital asset program in your Registered Investment Adviser requires a trusted resource to keep you updated on compliance, operations, and constantly evolving technology

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5 Fundamentals of an RIA Cryptocurrency Program

Compliance

⚖️

Before you can engage your clients, your compliance has to be bullet-proof

  • ADV language current
  • Regulatory exam ready
  • Adaptable to change

Custody

🏦

Finding an SEC “qualified custodian” is at the heart of your investment program

  • Adviser compliant
  • Access to investments
  • RIA operations friendly

Portfolio Accounting

🧾

Just like a traditional RIA business, it takes an innovative piece of software to bring it all together

  • Client reporting
  • Fee billing
  • Client onboarding

Investment Management

💹

A new market means new challenges to delivering quality investment management solutions to your clients

  • Asset allocation
  • Security due diligence
  • Trading and rebalancing

Adaptability

✈️

What works today, may not work tomorrow in the most rapidly evolving industry of our lifetime

  • Regulatory updates
  • New blockchains
  • Evolving software

Ongoing Requirements

Nothing in crypto is "set it and forget it." An effective and compliant digital asset program will require continual development and monitoring.

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Investments

  • IPC review and monitoring
  • 3rd-party manager due diligence
  • Trading and rebalancing strategies
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Compliance

  • Review SEC and state risk alerts
  • ADV and client agreement updates
  • Client account monitoring and suitability reviews
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Education

  • "Know Your Product" verification
  • Resources for technical topics
  • Continuing education strategy

© Steve Larsen, CPA, CFP®, 2021